It appears that the real estate market in Northern Virginia is in a good position to start to bounce back from the recent housing slump and credit crisis that has hit the entire United States. With sellers offering incentives to sell their homes a little faster, and the increased inventory of homes on the market creating a paradise for home buyers, the recent housing slump is indicating signs of a strong recovery in the next several months.

The upward climb for the Reston VA real estate and Centreville VA real estate markets has been a long time coming for local Realtors. The unpredictability of a home selling in these markets since the downturn of the market has hit the community and both cities pretty hard. Local real estate agents are looking forward to the upcoming turn around and market stabilization.

One reason why the Northern Virginia real estate market was hurt so badly during the real estate phase was because new home development was lacking. Different from other parts of the U.S., like California, New Mexico, Texas, and Arizona, new homebuilders did not focus so much on the east coast market. The Central and Southern states weathered the housing storm better than the ones on the east coast just because the number of discounts and homebuilder incentives caused people to buy homes.

With older and more seasoned homes found in the Northern Virginia real estate market, and so many residents subscribing to the idea of moving westward, it's no wonder that the local real estate population suffered as much as they did. Market reports show plummeting numbers over a series of months, and discouraged Realtors lined up for blocks to find new ways of marketing their services in order to survive.

Fortunately, the recent increase in population in the area has brought a 25% increase in housing sales over the previous quarter. This is among the most positive indicators in the Northern Virginia real estate market ever since things began to crumble back in early 2007.

If the improvements in the North Virginia real estate market are indicative of the possibility of improvements elsewhere in the country, real estate sales should be making a heavy hitting comeback in 2009. As things continue to improve in the real estate industry, we should see a ripple effect in the rest of the economic arena as well.